Orlen has deal with Ukraine's Naftogaz on over 300 mln cubic metres of US natural gas delivery

"This agreement will allow for the import of a significant volume of natural gas from the United States to Ukraine and opens the door to further initiatives of this type, which could serve to support other countries in Central and Eastern Europe," said Milosz Motyka, minister of energy, quoted in the release.

“The Orlen–Naftogaz agreement, defining the framework for a future gas supply contract, represents an important step towards strengthening the region’s energy security and is further evidence of Orlen's growing role in the international gas market. Its conclusion is the result of the strong cooperation built between our companies to date, under which more than 600 million cubic metres of gas will be delivered to Ukraine this year," added Robert Soszynski, COO and vice president of the management board of Orlen.

As the company reported, under the signed letter of intent, the contract will provide for the delivery of three LNG cargoes from the United States in the first quarter of 2026. The parties have declared their intention to promptly agree on the final commercial terms and execute the definitive contract. As a result of the agreement, the total volume of gas supplied under all contracts with Naftogaz will reach nearly one billion cubic metres.

"Today, on the sidelines of P-TEC, we confirmed the key terms and have already started planning deliveries. The contract, which includes a credit facility and insurance instruments, will be signed shortly," said Sergii Koretskyi, CEO of Naftogaz.

The agreement was signed on the occasion of the Summit of the Partnership for Transatlantic Energy and Climate Cooperation, held in Athens. The summit gathered energy ministers from Poland, the United States, Ukraine and other countries, as well as representatives of the business community, including ORLEN and Naftogaz. (PAP Biznes)

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